Perimeter Solutions, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net sales $239.3m $339.6m $341.3m $360.5m $322.1m $561.0m $652.9m
Cost of goods sold $155.4m $177.5m $172.1m $217.9m $183.3m $243.9m $277.7m
Gross profit $83.9m $162.0m $169.2m $142.7m $138.9m $317.1m $375.1m
Total operating expenses $89.7m $90.6m $88.6m $12.6m $44.4m $320.9m $576.1m
Founders advisory fees - related party $0 $0 $0 ($117.3m) ($108.5m) $198.3m $435.2m
Intangible impairment $0 $0 $40.7m $0 $0
Operating (loss) income ($5.8m) $71.5m $80.6m $130.1m $94.5m ($3.8m) ($200.9m)
Gain on contingent earn-out $0 $0 $3.0m ($12.7m) ($7.3m) $0 $0
Foreign currency (gain) loss $2.7m ($5.6m) $4.0m $3.5m ($1.7m) $2.4m ($3.0m)
Income tax benefit $17.7m ($10.5m) ($14.1m) ($5.5m) $5.9m $41.0m $29.9m
Net (loss) income ($42.0m) $24.2m $20.6m $91.8m $67.5m ($5.9m) ($206.4m)
Foreign currency translation adjustments ($358k) $4.8m $236k ($18.3m) $5.8m ($19.5m) $32.9m
Total comprehensive (loss) income ($42.4m) $29.0m $20.9m $73.4m $73.2m ($25.4m) ($173.5m)
(Loss) income before income taxes ($59.7m) $34.7m $34.8m $97.2m $61.6m ($46.9m) ($236.2m)
Basic (in usd per share) ($0.79) $0.46 $0.39 $0.57 $0.44 ($0.04) ($1.37)
Diluted (in usd per share) ($0.79) $0.46 $0.39 $0.52 $0.41 ($0.04) ($1.37)
Selling, general and administrative expense $36.2m $37.7m $39.0m $74.3m $57.1m $66.9m $77.6m
Amortization expense $51.1m $51.5m $45.4m $55.1m $55.1m $55.0m $59.7m
Other operating expense $2.4m $1.4m $4.2m $465k $10k $612k $3.6m
Interest expense, net $51.7m $42.0m $39.1m $42.6m $41.4m $40.5m $39.1m
Other (income) expense, net ($405k) $367k ($222k) ($503k) $417k $192k ($780k)
Total other expense, net $53.9m $36.7m $45.9m $32.8m $32.9m $43.1m $35.3m